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James Buchanan. The latter certainly admitted that individuals are self-interested, that markets fail to allocate resources … efficiently, but did not believe in the need for coercion. In this paper, we show that, to Buchanan, coercion can be unnecessary …
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Kantian philosophy measure-up to Buchanan’s public choice theory and to what degree does the inclusion of morals in public … choice lead to a normative diffusion of the social contract theory? …
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I contribute to the theory of entangled political economy by showing how entanglement can be characterized in terms of …, and how it can be expected to develop. I briefly survey the theory of political property rights, show how political …
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